Hortonworks (HDP) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Hortonworks (NASDAQ:HDP) in a research note released on Wednesday. The brokerage currently has a $25.00 price target on the software maker’s stock.

“We had the opportunity to host Hortonworks management this week for a se- ries of investor meetings. We come away with our positive view reinforced and remain comfortable with the demand environment, the company’s ability to exe- cute on its disciplined growth plan, strength of the product line and potential leverage from partners. We reiterate our buy rating and $25 price target.”,” the firm’s analyst commented.

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Other research analysts have also recently issued research reports about the company. Monness Crespi & Hardt raised Hortonworks from a neutral rating to a buy rating and set a $25.00 price target on the stock in a report on Monday. ValuEngine cut Hortonworks from a buy rating to a hold rating in a report on Saturday, May 12th. Credit Suisse Group reaffirmed a neutral rating and issued a $24.00 price target (up previously from $23.00) on shares of Hortonworks in a report on Friday, March 9th. DA Davidson began coverage on Hortonworks in a report on Friday, March 9th. They issued a buy rating and a $24.00 price target on the stock. Finally, Zacks Investment Research raised Hortonworks from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Wednesday, April 11th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $22.33.

NASDAQ HDP opened at $17.92 on Wednesday. Hortonworks has a 1 year low of $11.50 and a 1 year high of $22.00.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The company had revenue of $79.06 million during the quarter, compared to the consensus estimate of $75.26 million. Hortonworks’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.50) EPS. research analysts anticipate that Hortonworks will post -2.14 EPS for the current year.

In other news, Director Michelangelo Volpi sold 133,499 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $18.54, for a total transaction of $2,475,071.46. Following the transaction, the director now directly owns 10,838 shares in the company, valued at approximately $200,936.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Bearden sold 125,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $20.42, for a total transaction of $2,552,500.00. Following the transaction, the chief executive officer now owns 1,830,727 shares in the company, valued at $37,383,445.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,523 shares of company stock worth $19,685,805. Company insiders own 15.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. AXA purchased a new position in shares of Hortonworks during the 4th quarter valued at $209,000. Verition Fund Management LLC purchased a new position in shares of Hortonworks during the 1st quarter valued at $211,000. Xact Kapitalforvaltning AB purchased a new position in shares of Hortonworks during the 1st quarter valued at $236,000. Guggenheim Capital LLC purchased a new position in shares of Hortonworks during the 4th quarter valued at $255,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hortonworks during the 4th quarter valued at $327,000. Institutional investors and hedge funds own 66.58% of the company’s stock.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.